By Kiku Steinfeld
Chicago, Nov. 21 – GS Finance Corp. priced $1 million of 0% autocallable buffered index-linked notes due March 21, 2025 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 11.2% if the index closes at or above the initial index level on March 21, 2023.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.25 times the index return. Investors will receive par if the index falls by up to 30% and will lose 1.4286% for each 1% loss beyond 30%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor | Goldman Sachs Group, Inc.
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| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | S&P MidCap 400 index
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| Amount: | $1 million
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| Maturity: | March 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the index return is positive, par plus 1.25 times the index return; par if the index falls by up to 30%; 1.4286% loss for each 1% loss beyond 30%
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| Call: | Automatically at par plus 11.2% of par if the index closes at or above the initial index level on March 21, 2023
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| Initial level: | 2,705.81
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| Buffer level: | 70% of initial level
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| Pricing date: | March 18, 2022
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| Settlement date: | March 23, 2022
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | None
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| Cusip: | 40057LJB8
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